Description: Stalled, partially complete, and complete-but-vacant projects lay across the United States as a result of a weakened economy and tight credit market. The ownership of many of these projects is changing hands, and with that change in ownership, several important insurance issues can arise. Lexington Insurance Company's Lex Idle Asset Liability Protector is a potential general liability insurance solution to address several of the key exposures a new owner can inherit via the change in ownership.
Please join Thomas Grandmaison, Sr. Vice President, Construction at Lexington Insurance for a Lexcast that discusses the types of exposures in this market segment along with details about Lex Idle Asset Liability Protector.
Click here to access the LEXINGTON INSURANCE IDLE ASSET LIABILITY PROTECTOR QUESTIONNAIRE.
